Safestyle Uk Share Discussion Threads

[rumbers2] 18/5/2020 14:22

I'm now 4p up on these sphere and still holding. Hold a smaller position in HZD and may get rid.
GTC is steadily rising this morning -would be interested in your view but taken no position yet. I believe results are due shortly.

[sphere25] 18/5/2020 14:03

SFE breaking out. HZD (also high risk) doesn't want to rally - fish and chips trade.

"Double-glazing company Safestyle (SFE) can deliver ‘significant upside’ as management has a strategy to deliver market share gains, says Liberum.

Analyst Charlie Campbell retained his ‘buy’ recommendation and target price of 40p on the shares after the company announced it would be restarting its operations. The shares closed at 26p on Friday.

‘We believe that management has a compelling strategy to deliver renewed market share gains, not least as the competition is now in a weak financial position,’ he said.

‘We see short-term upside to our 40p target price but note that the group should be capable of generating recovered earnings of 9p in the medium term, suggesting very significant upside if this can be delivered."

[rumbers2] 14/5/2020 11:46

Sizeable buyers appearing once again. Same with HZD which despite a short frenzied sell down to 100p immediately bounced back up to 104p again.

[sphere25] 14/5/2020 09:58

Update out. Hardly anything unexpected in there. We all know its an absolute mess out there. Have been taking profits into the spike as this stock has significantly outperformed and the wider market is seeing larger and larger falls in stocks.

Should be interesting to see if it can get bought up and continue the move higher on that update, but still treading carefully in this market with trades on the long side clearly more difficult to find at present.

[hodhasharon] 13/5/2020 10:27

We've seen this all before. Back to 100p.

[sphere25] 13/5/2020 09:53

And it's shifted even higher as I was typing.

Now up over 12%

[sphere25] 13/5/2020 09:53

Yes, all the aforementioned risks, an economy in peril, unknown corporate forecasts and more uncertainty than we could possibly know and yet..

- The stock is up again today (6%) in a very precarious market with many stocks rolling over and falling.
- The stock has made a short term bullish move from 21.5p to 26p so a 20% move higher.
-Soros Fund Management are adding aggressively
-Other buyers are popping up in the market (prior and an 88k just now at 25p) with the stock currently well bid.

And thus the short term is bullish. Beyond this though, it's an absolute train wreck out there and easy to write pages and pages on things, but suffice to say I am a seller into these spikes.

[copter pilot] 11/5/2020 17:36

Sorry Rumobejo, you are wrong on this.
It is allowable to have contractors in occupied houses for essential maintenance. Window replacement is not classed as essential however, you are correct with regard to extensions and conservatories which are built outside of the home.
If they break the industry guidelines (GGF, Fensa and Certass) can you imagine what potential claim could arise if one of their customers were to get the virus and ultimately die?

[rumobejo] 11/5/2020 16:56

Jimbo, just like rest of construction companies back to work, Safe-style is back to work, and as far as people concerned they are fed-up from the lock-down and won't mind installations of new windows or doors just like they won't mind an electrician, plumber or a heating engineer to visit and fix things

SFM tends to agree as they are just up to 11.72% in later rns, stay alert!!!

[jimbo_jet] 11/5/2020 16:09

My point exactly, it's great if Borris says we can make frames again but if you can't sell or install them making them isn't really helping. Hopefully the situation will become clear in the coming days and weeks.

[copter pilot] 11/5/2020 14:08

Trade associations state that windows cannot be currently installed into 'occupied' homes. What's the point of opening factories if the products cannot be installed.
Also, where does this leave them with the current business model of door canvasing where I believe a lot of their business comes from?

[jimbo_jet] 11/5/2020 13:46

Rumobejo, where have you seen that they are back to work? My concern is yes they may go back to work soon but where will the new orders be coming from if you can't meet people due to social distancing? Also, how does that affect installations? GLA

[hodhasharon] 11/5/2020 11:37

TP1 - 41p
TP2 - 80p

[rumobejo] 11/5/2020 10:49

things accelerate rapidly here given that they now back to work, good to see share price responds nicely




26p breakout for a retest of 34p

[sphere25] 11/5/2020 10:15

Price 22.5 +7.1%

Stock is flirting with a breakout now.

News today confirms it was indeed SFM UK (the London arm of the New York-based Soros Fund Management) adding and they have now taken their stake to 10.84%.

[sphere25] 07/5/2020 13:07

Has the placing come to the rescue and provided a lifeline?

Someone appears to think so and is coming in for some very significant chunks of the business at 21p.

High risk but tempted to take a short term trade here.

EDIT:

Just looking abit deeper

There are a further two large buys of 1.7m and 1.1m @ 20.45 yesterday to add to the two blocks of 1.5m at 21p today.

SFM built a 9% stake so possibly them adding. It's on the watchlist to see if buyers keep coming in for these big blocks. Could breakout if that is the case.

[squarepeg86] 30/4/2020 09:51

RNS released, TR-1 for 9.13% acquisition

[buffett9] 09/4/2020 00:32

So... share placing as predicted. Back of the envelope calculation suggests approx 40% dilution, so if you originally had a price target of 100p for the business as a going concern, you're going to have to reduce that to just 60p per share. Will be interesting to see if the market realises this over the next few days.

[spwardle] 08/4/2020 16:15

I agree with this. Interesting times ahead I think.

[flybird] 08/4/2020 12:30

Yes, Probably do that rather than go on holiday or move house, plus unfortunately for some smaller firms who will go under the market share will be greater..

[g2theary] 08/4/2020 12:26

The advantage to this business is during a fall in property (which looks somewhat inevitable) people rather spend money on their house rather than move :)

[johnv] 08/4/2020 12:13

When the lockdown is over ...will people all rush out to get new windows installed?

[sbb1x] 08/4/2020 09:48

Profit takers coming in, when do the new shares hit the market..

[iamgreat1] 08/4/2020 09:28

You donkey

[sbb1x] 08/4/2020 09:06

Didnt take much to move it from 16p - 26p!250,000 shares !